On the 26th, the yen hit a year-to-date low against the dollar, and it is moving in the middle of the 1 dollar = 150 yen range. The depreciation of the yen progressed drastically due to the widening interest rate difference between Japan and the US due to rising US interest rates. Although Japanese stocks fell along with US stocks on the same day, there is a strong view that the depreciation of the yen itself is positive for Japanese stocks as a whole. Used by major domestic companies to forecast earningsThe estimated rate is conservative, and the effect of increasing profit in fiscal 2023 due to the depreciation of the yen extends to a total of 2 trillion yenIt's called.
When the Nihon Keizai Shimbun estimated based on the exchange sensitivity and estimated rates of 7 automobile companies, 7 precision companies, 3 electronics companies, and 3 heavy industry/machinery companies, etc., on the assumption that the current 1 dollar = 150 yen and 1 euro = 160 yen will continue after October, a figure showing that the profit increase due to the depreciation of the yen is 2 trillion yen. Without other variables, the target companies' consolidated operating profit forecast for fiscal year 23 is about 20% higher.Automobiles benefited greatly, and the seven major companies accounted for about 1.6 trillion yen, about 80% of the totalIt's called. The estimated rate for Toyota Motor Corporation is 125 yen, and the total performance gain with the euro amounts to a total of 890 billion yen.
Bloomberg analysts said that the yen depreciated on the seven Japanese passenger car manufacturers to mitigate production cuts due to lack of parts...